The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length disposition of an earn-in to an 80-per-cent interest in the company's Rayfield property, located near Kamloops, B.C. Pursuant to the terms of the agreement, the company will receive from the purchaser $1-million cash over five years and the purchaser will commit the minimum cumulative expenditures of up to $19-million over six years to complete the acquisition of the property. Upon completion of the earn-in, a joint venture (JV) will be formed and if a party's JV position decreases below 10.0 per cent, a 1.0-per-cent net smelter return (NSR) royalty can be granted with a maximum royalty payable of $15-million. The property will be combined with the purchaser's Gjoll property.

No finder's fee was paid.

For further details, please refer to the company's news releases dated Sept. 3, 2025, Nov. 17, 2025, and Nov. 27, 2025.